Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) Sees Significant Growth in Short Interest

Canadian Apartment Properties Real Estate Investment Trust (OTCMKTS:CDPYF) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 2,134,900 shares, a growth of 8.1% from the July 15th total of 1,974,600 shares. Based on an average daily trading volume, of 37,300 shares, the days-to-cover ratio is presently 57.2 days.

Canadian Apartment Properties Real Estate Investment Trust Stock Up 0.1 %

OTCMKTS:CDPYF opened at $36.25 on Monday. The business’s 50 day moving average is $33.92 and its two-hundred day moving average is $33.97. Canadian Apartment Properties Real Estate Investment Trust has a 52 week low of $28.12 and a 52 week high of $40.63.

Canadian Apartment Properties Real Estate Investment Trust Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.0887 per share. This is a positive change from Canadian Apartment Properties Real Estate Investment Trust’s previous dividend of $0.09. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, July 31st. Canadian Apartment Properties Real Estate Investment Trust’s dividend payout ratio is currently 39.43%.

About Canadian Apartment Properties Real Estate Investment Trust

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.